Market never provides the ideal best scenario case to trade as per current presented assumption.
DOWNSIDE STRICTLY sell below 631 with 640 for 626-616
RBLBANK break out for cup and handle formation pattern , MACD RSI Stochastic positive and trend is positive as well
rbl bank can be bought with a stoploss of 585 and for targets of 645 and 670
Testing trendline, expect to resume uptrend. I am biased on bullish side
RBL Bank. cmp 538 Target 600 plus (min.) Stop 500 Weekly chart 1) Stock breaks above the downward sloping consolidation zone with good volumes. 2) Cup pattern formation adds strength to the upside. 3) RS breaks above MA.
RBL BANK CMP 467 TARGET 402 STOP 500 WEEKLY CHART 1) LH and LL formation observed. 2) Stock has broken the strong long term support zone at 475-485 3) Relative strength shows weakening signs of stock.